Case details for LEE ROY BOOM

Name: LEE ROY BOOM

Name: Floor-Tec U.K. Ltd

Date of Birth: 19 / 9 / 1982

Date Order Starts: 26 / 4 / 2022

Disqualification Length: 4 Years 0 Month(s)

CRO Number: 10622382

Last Known Address: 87 St. Pancras,, , , , CHICHESTER,, PO19 7LR

Conduct: Between 20 April 2018 and the cessation of trade on or around 27 April 2020 (“the period”), Mr. Lee Roy Boom (“Mr. Boom”) failed to ensure that Floor-Tec UK Limited (“Floor-Tec”) complied with its obligation to file statutory returns and remit monies due to HM Revenue & Customs (“HMRC”) in respect of VAT. Mr Boom caused or allowed Floor-Tec to trade to the detriment of HMRC in respect of VAT in the period, by failing to make payments to HMRC when due whilst continuing to make payments to Floor-Tec’s other creditors, with the result that at least £83,972 was owed to HMRC in respect of VAT at liquidation on 22 March 2021, in that; VAT Professionally prepared Year-End accounts for 31 March 2018 record that Floor-Tec’s turnover was £87,678, which exceeded the VAT threshold of £85,000 in that year. Floor-Tec was voluntarily registered for VAT by the company accountant on 20 April 2018 and therefore the company was required to account for its VAT from that point. After Floor-Tec had been registered for VAT, information from HMRC shows that Floor-Tec should have submitted a return no later than 07 September 2018. Draft accounts for Year-End 31 March 2019 record that Floor-Tec’s turnover was £265,585, which exceeded the VAT threshold of £85,000 in that year. From 20 April 2018, Mr. Boom failed to ensure that Floor-Tec submitted VAT returns and as a result, HMRC were unaware of the growing VAT liability which has been calculated by the company accountant, using Floor-Tec’s own records as being £83,972 between 20 April 2018 and 27 April 2020. Floor-Tec made no payments to HMRC in respect of its VAT liabilities which has resulted in an estimated £83,972 owed at liquidation. Discriminatory Treatment. Between 20 April 2018 and 27 April 2020 income into Floor-Tec’s bank account totalled £738,781. Payments out of Floor-Tec’s bank account totalled £738,775 including £358,190 to employees, £207,143 as company expenses, £72,468 to trade creditors and £87,689 (inclusive of £46,078 recorded as wages) to Mr. Boom and by comparison £5,328 was paid to HMRC towards the Corporation Tax and no payments were made towards VAT. Floor-Tec’s professionally prepared accounts for the year ending 31 March 2018 record creditors comprising of £2,013 owed to trade and expense creditors, £6,796 owed to HMRC and NIL owed to Mr. Boom. Floor-Tec’s professionally prepared draft accounts for the year ending 31 March 2019 record creditors comprising of £2,500 owed to trade and expense creditors, £45,126 owed to HMRC and NIL owed to Mr. Boom. At liquidation Floor-Tec had liabilities outstanding of £18,060 to trade creditors, £2,500 to Mr. Boom and £83,972 to HMRC in respect of VAT. 

This information is correct as at 6 / 4 / 2022



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